Alts are not dead.

Seeing so many posts claiming they are dead forever and they will never ever run again.
It's just not true.
Again, you have to understand what is going on behind the charts if you want to know the real picture.
The fact is that alts never truly got going this cycle because liquidity/expansion never truly got going this cycle.
Alts are vessels of liquidity, the riskiest assets in existence.
Every cycle they run hard when liquidity pushes most and the economy is expanding.
And as you can see, all we had this cycle was...
Fed Net Liquidity ranging, PMI contracting.... and thus, alts chopping.
Last cycle? The opposite.
FED Net Liqudity pushing, PMI expanding... and thus, alts pushing.
Alts are not dead, they have just not had the correct environment yet.
But now, FED Net liquidity has bottomed and reversing, PMI is back in expansion...
And the correct environment is building for the Alt expansion.
The reason so many got it wrong this cycle is because this setup has never happened before... this cycle HAS been different.
However, the setup requires IS now forming.
Alts have not moved because they are dead.
They have not moved because the backdrop never fully formed.
But that is changing.